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Pyramid selling and chain gift schemes

Beware Pyramid selling and chain gift schemes You hear about a great new money-making venture. You agree to go to a presentation where you are told that, after paying a joining fee, you can earn large amounts by recruiting new members to the scheme.

This is pyramid selling. In reality, only a tiny minority of those involved make money. Everyone else loses. Pyramid selling is illegal.

In a similar scam, you are offered an expensive gift, but first, you have to buy a low-value item. You get your high-value item only if lots of new members sign up - and you have to recruit them. You're very unlikely to ever get the gift.

Protect yourself

  • Avoid schemes that offer money or a gift based purely on signing up new members.
  • Don't agree to anything at high-pressure meetings or seminars.
  • Don't hand over any money or sign a contract to participate in any multi-level marketing plan until you've investigated it.

Caught by this scam?

Report it online at Action Fraud or telephone 0300 123 2040.

More about Safe Local Trades

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